JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a "soft landing" for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind. When CNBC's Leslie Picker asked Dimon if he had changed his view from February...
Consumer giants from Starbucks to General Mills have one big sales problem: China
BEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market. The Chinese economy — home to more than four times the population of the U.S. — has attracted multinational corporations for decades given its large, fast-growing market. But slower...
San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens
Mary Daly, president of the Federal Reserve Bank of San Francisco, during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Friday, Feb. 16, 2024. Graeme Sloan | Bloomberg | Getty Images San Francisco Federal Reserve President Mary Daly on Monday said she...
Job seekers are sour on the cooling labor market
Job seeker confidence in Q2 2024 fell to its lowest level in more than two years, according to a quarterly survey by ZipRecruiter, which has tracked the metric since Q1 2022. That decline suggests workers are more pessimistic about their ability to land their preferred jobs. Workers had reason for...